2024 Supply Chain Management Priorities and Challenges Report

This report is a comprehensive analysis of the current state of supply chain management as of early 2024. It aims to identify key priorities, performance metrics, and trends impacting organizations across various industries. The research highlights that a significant number of organizations have struggled to meet their business goals in 2023, with only 38% achieving all targets, a decline from previous years. Key challenges include geopolitical tensions, labor shortages, and inflation. The report outlines major trends expected to influence supply chains in the next three years, such as big data analytics, supply chain digitization, and data management. Additionally, it identifies obstacles to improving supply chain processes, including the implementation of new technologies and lack of collaboration. The findings suggest that organizations are increasingly prioritizing supply chain planning, sourcing, and innovation for 2024, with many expecting budget increases for supply chain management tools and technologies. Overall, the report provides valuable insights into the evolving landscape of supply chain management.